ESCROW AND INDEMNIFICATION PROCEDURE AGREEMENTEscrow and Indemnification Procedure Agreement • May 8th, 2006 • Codina Armando M • Railroads, line-haul operating • Florida
Contract Type FiledMay 8th, 2006 Company Industry JurisdictionThis Escrow and Indemnification Procedure Agreement (this “Agreement”) is made as of the 27th day of April, 2006 among Florida East Coast Industries, Inc., a Florida corporation (“FECI”), Foxx Holdings, Inc., a Florida corporation and a wholly owned subsidiary of FECI (“Parent”), Armando Codina (“Codina”), C/Countyline, LLC, a Florida limited liability company (“CC”), and C/WDL, Ltd., a Florida limited partnership (“C/WDL” and together with Codina and CC, the “Contributors” with each being referred to herein as a “Contributor”) and SunTrust Bank, a Georgia banking corporation, as escrow agent (“Escrow Agent”).